PCO car hire cost calculator

How the sums work

• Monthly rent The weekly rent times 52 weeks, divided by 12 months, rounded to the pound. A month is a little over four weeks, so the monthly figure is more than four weeks' rent.
• Deposit Two and a half weeks' rent, rounded to the nearest £5, the same as on every car page. It is held by Kharo, not the rental company.
• When you pay the deposit It is split over your first two monthly payments, so nothing extra is due before you collect the car.
• When you pay the rent Cars are priced by the week. You pay the rent monthly through Kharo, one month in advance.
• Getting the deposit back When you return the car. If there is no new damage compared with the collection photos, you get it all back.

Worked example: a car at £180 a week

• Monthly rent £180 × 52 ÷ 12 = £780
• Deposit £180 × 2.5 = £450, paid as £225 in each of the first two payments
• Payments 1 and 2 £780 rent + £225 deposit = £1,005 each
• Payment 3 onwards £780, the rent only

What the calculator leaves out

• Insurance. We get you competitive quotes from different insurance brokers, and you choose the one you want.
• Fuel or charging.
• The share of each fare that Uber or Bolt keeps.
• Licence fees from TfL or your council.
• Fines, and the Congestion Charge or ULEZ where they apply.

Estimate only

These figures follow Kharo's payment rules. Other rental companies set their own deposits and payment terms, so always check the hire agreement before you pay. Nothing here is an offer of a car, a quote or financial advice.

Guides

• PCO car hire, with every cost shown up front PCO car hire means renting a car licensed for private hire, so you can drive for Uber, Bolt and other apps. On Kharo you see the rent, deposit and insurance before you apply.
• What is a PCO car? A PCO car is a car licensed for private hire in London, so a driver can carry passengers who book a ride. Here is what the name means and the rules the car must meet.
• Private hire car hire for minicab and app drivers Private hire car hire means renting a car licensed as a private hire vehicle (PHV), the kind minicab and app drivers use. On Kharo you see the rent, deposit and insurance before you apply.
• Rent a car for Uber and Bolt To drive for Uber or Bolt you need a car with a private hire licence. If you do not own one, you can rent one, priced by the week and paid monthly. Kharo lists cars from rental companies, with every cost shown.
• Rent a car for Bolt To drive for Bolt you need a car with a private hire licence. If you do not own one, you can rent one from a rental company.
• Which cars can you use for Uber in London? In London, the car needs a TfL private hire licence first. Then Uber has its own rules for each type of trip.
• Hybrid or electric: which PCO car should you rent? Both can work for private hire. In London, the rules for new cars, the Congestion Charge and the trips you can take are different for each.
• The most common PCO cars in London TfL publishes a list of every licensed private hire vehicle in London. We counted the cars on it, so you can see which models drivers use most.
• What PCO car hire costs What renting a private hire car costs, from the weekly rent to the deposit. The prices come from the cars on Kharo, which show what rental companies charge.
• How a PCO car hire deposit works Most rental companies ask for a deposit before you collect a PCO car. Here is how it works, and what to check before you pay.
• PCO car insurance, explained To drive a PCO car for work, you need insurance that covers carrying passengers for money. Here is what to look for before you rent.
• Renting a PCO car with penalty points Points on your licence do not always stop you renting a PCO car. But they change who will rent to you, and what your insurance costs.
• How to get a PCO licence A PCO licence is a private hire driver licence. You need one to drive for Uber, Bolt or any private hire company. In London it comes from TfL, and outside London from your local council.

Questions

Is insurance included in the weekly rent?

No. The weekly price is the rent, set by the rental company. We get you competitive quotes from different insurance brokers, and you choose the one you want.

Why is the monthly rent more than four weeks' rent?

A month is about 4.33 weeks on average, not 4. Paying monthly spreads the weekly rent evenly over the months, so overall you pay the same as you would weekly.

Do I pay anything before I collect the car?

Your first monthly payment, which is the month's rent plus the first half of the deposit. There is no separate deposit at collection.

Does Kharo charge drivers a fee?

No. Drivers never pay Kharo. The rental company pays Kharo a service charge out of the rent.

Is anything I type saved?

No. The sums run in your browser. Nothing you type is sent to Kharo or stored.